Above Rs 24, Sona Koyo could add Rs 7-8 more: Gujral

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Above Rs 24, Sona Koyo could add Rs 7-8 more: Gujral

Sona Koyo Steering Systems is starting to breakout and the previous intermediate high was around Rs 24. Once it can take Rs 24 out, then it could add another Rs 7-8, says Technical Analyst, Ashwani Gujral.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Sona Koyo Steering can test Rs 31: Gujral Sona Koyo rangebound between Rs 17-21: Gujral ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Sona Koyo Stee See messages about Sona Koyo Stee Sona Koyo Stee BSE | NSE 29/05/12 Are Mutual Funds betting on Sona Koyo Stee?

Sona Koyo Steering Systems is starting to breakout and the previous intermediate high was around Rs 24. Once it can take Rs 24 out, then it could add another Rs 7-8, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Sona Koyo Steering Systems is starting to breakout and the previous intermediate high was around Rs 24. Once it can take Rs 24 out, then we could have another Rs 7-8 on the table. Generally all this auto ancillaries move together. So this is a good time to be in an auto ancillary stock."